Baird Downgrades Forward Air to Neutral, Lowers Price Target to $80
Portfolio Pulse from richadhand@benzinga.com
Baird analyst Benjamin Hartford has downgraded Forward Air (NASDAQ:FWRD) from Outperform to Neutral and lowered the price target from $130 to $80.
August 15, 2023 | 9:22 am
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NEGATIVE IMPACT
Forward Air's rating has been downgraded from Outperform to Neutral by Baird, with a lowered price target from $130 to $80.
The downgrade from Outperform to Neutral by Baird indicates a less optimistic outlook for Forward Air. The significant reduction in price target from $130 to $80 could negatively impact investor sentiment and potentially lead to a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100